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Vast Resources PLC

Further update on proposed USD 9.5 million Pre-Payment Off-take with Mercuria

/ Ticker: VAST / Index: AIM / Sector: MiningVast Resources plc

("Vast" or the "Company")15 March 2018

Vast Resources plc

Further update on proposed Pre-Payment Off-take with MercuriaUSD 9.5 million

, the AIM-listed mining company with operating mines in and , announces that as part of the arrangements towards finalisation of the proposed Pre-Payment Off-take Agreement with ('Mercuria') the Company has issued 565 million warrants in terms of the authority from shareholders granted at the Company's general meeting held on .Vast Resources plcMercuria Energy Trading SARomaniaZimbabweUSD 9.5 million14 February 2018

The Company continues to make good progress with Mercuria to finalise the Pre-Payment Agreement in line with the time estimates given in the Company's announcement on .  The market will be kept informed of developments.9 March 2018

**ENDS**

For further information, visit or please contact:www.vastresourcesplc.com

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

Notes

is an AIM listed mining and resource development company focussed on the rapid advancement of high quality brownfield projects and recommencing production at previously producing mines in .Vast Resources plcRomania

currently owns and operates the in , which was commissioned in 2015 and is focussed on its expansion through the development of a second open pit operation and new metallurgical complex at the Carlibaba Extension Area.  The Company's portfolio also includes an 80% interest in the in , where work is currently underway towards obtaining the relevant permissions to start developing and ultimately commissioning the mine.Vast ResourcesManaila Polymetallic MineRomaniaBaita Plai Polymetallic MineRomania

The Company also has interests in a number of projects in including a controlling 25% interest in the producing in .Southern AfricaPickstone-Peerless Gold MineZimbabwe

Andrew Prelea (Chief Executive Officer)Vast Resources plc
www.vastresourcesplc.com+44 (0) 20 7236 1177 


Roland Cornish   - Financial & Nominated Adviser Beaumont Cornish



James Biddle
+44 (0) 020 7628 3396www.beaumontcornish.com
 - Joint BrokerBrandon Hill Capital Ltd


Jonathan Evans
www.brandonhillcapital.com+44 (0) 20 3463 5016
- Joint Broker SVS Securities Plc

Tom CurranBen Tadd
www.svssecurities.com +44 (0)20 3700 0100 


Susie Geliher St Brides Partners Ltd



Charlotte Page
 www.stbridespartners.co.uk  +44 (0) 20 7236 1177


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: via Globenewswire

Vast Resources plc




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